Chicago Partners Investment Group LLC Has $2.36 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Chicago Partners Investment Group LLC decreased its stake in Tesla, Inc. (NASDAQ:TSLA) by 2.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,485 shares of the electric vehicle producer’s stock after selling 267 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Tesla were worth $2,357,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Holderness Investments Co. boosted its position in shares of Tesla by 1.6% in the 3rd quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock valued at $650,000 after purchasing an additional 42 shares during the period. SCS Capital Management LLC boosted its position in Tesla by 0.3% during the 3rd quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock worth $4,224,000 after acquiring an additional 45 shares during the period. Daymark Wealth Partners LLC boosted its position in Tesla by 0.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock worth $2,622,000 after acquiring an additional 45 shares during the period. Cravens & Co Advisors LLC boosted its position in Tesla by 1.2% during the 3rd quarter. Cravens & Co Advisors LLC now owns 4,095 shares of the electric vehicle producer’s stock worth $1,025,000 after acquiring an additional 48 shares during the period. Finally, Patten & Patten Inc. TN boosted its position in Tesla by 1.1% during the 4th quarter. Patten & Patten Inc. TN now owns 4,601 shares of the electric vehicle producer’s stock worth $1,143,000 after acquiring an additional 48 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded down $4.46 during trading on Friday, hitting $178.01. 82,038,194 shares of the stock were exchanged, compared to its average volume of 68,882,416. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29. The company has a market capitalization of $567.71 billion, a price-to-earnings ratio of 45.41, a price-to-earnings-growth ratio of 4.53 and a beta of 2.32. The company’s fifty day simple moving average is $172.90 and its 200-day simple moving average is $195.68. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The company had revenue of $21.30 billion for the quarter, compared to analyst estimates of $22.15 billion. Sell-side analysts expect that Tesla, Inc. will post 1.87 EPS for the current fiscal year.

Insider Activity at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The disclosure for this sale can be found here. Insiders have sold a total of 104,855 shares of company stock valued at $19,285,643 in the last 90 days. 25.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on TSLA. Piper Sandler restated an “overweight” rating and set a $205.00 price objective on shares of Tesla in a research report on Monday, April 22nd. Morgan Stanley reaffirmed an “overweight” rating and set a $310.00 price target on shares of Tesla in a research note on Wednesday. Guggenheim reaffirmed a “sell” rating and set a $122.00 price target on shares of Tesla in a research note on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft raised their price target on Tesla from $123.00 to $136.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Finally, Wedbush reaffirmed an “outperform” rating and set a $275.00 price target on shares of Tesla in a research note on Friday. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus price target of $185.90.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.